Looking to diversify beyond SWLGX? The mutual funds below have historically moved differently from SWLGX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SWLGX
15 mutual funds have low correlation with SWLGX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.15, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.15 | 0.07 | 0.20 | 87 | Energy Equities | SWLGX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.06 | 0.12 | 91 | Inflation-Protected Bonds | SWLGX vs VTAPX | |
| Schwab Tax-Free Bond Fund™ | 0.16 | 0.11 | 0.12 | 60 | Municipal Bonds | SWLGX vs SWNTX | |
| Schwab California Tax-Free Bond Fund™ | 0.17 | 0.09 | 0.10 | 56 | Municipal Bonds | SWLGX vs SWCAX | |
| DWS Managed Municipal Bond Fund | 0.17 | 0.11 | 0.13 | 70 | Municipal Bonds | SWLGX vs SCMBX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWLGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.20 | -0.02 | 52 | Utilities | |
| Altria Group, Inc. | -0.36 | -0.15 | -0.01 | 66 | Consumer Defensive | |
| Chubb Limited | -0.32 | -0.08 | 0.12 | 87 | Financial Services | |
| The Coca-Cola Company | -0.31 | -0.11 | 0.11 | 87 | Consumer Defensive | |
| Chevron Corporation | -0.30 | -0.07 | 0.09 | 79 | Energy |
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